Dump Kimball wrote:
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Kimball is on it's last leg. Arnie would not be happy with what this company has become.
A couple years ago they sold the large Forrest they were known for. This money was used to shore up Jim and his friends salaries while making the company look solvent.
Selling off assets to cover their bar tab only get's them too far. It's like a drunk selling their car to buy booze.
Their spread thin with groups all over from Indiana to Poland.
Quality has been taking a dive in both the furniture and electrical departments. Complaints are higher then they have ever been for case goods but they have found way to make many of the complaints not counted. Dissatisfied clients at an all time high.
The failure of the cheap overseas electrical products is becoming another major problem in key items. Late deliveries and units not living up to what they need to do.
Kimball has created a perfect storm; selling off assets to cover CEO wages and to make the balance sheets look good, laying off employees to compensate, product quality in the tank, divisions spread around the globe they can't control,
Kimball is in a nose dive....Not much can save them form the inevitable right now.
This is partial list of major companies which DUMPED Kimball stock. Investors know Kimball is in a nose dive.
It won't be long before the buildings at Kimball are empty:
Major companies that dumped Kimball stock recently:
Perritt Capital Management sold on Sept. 30, 2011
Donald Smith & Co sold on Sept. 30, 2011
DePrince Race & Zollo sold on Sept. 30, 2011
Financial Counselors sold on Sept. 30, 2011
Thomas Stevens, CFA" sold on Sept. 30, 2011
Charles Schwab Investment Management sold on Sept. 30, 2011
Parametric Portfolio Associates sold on Sept. 30, 2011
STATE STREET CORPORATION sold on Sept. 30, 2011
Virginia Retirement System sold on Sept. 30, 2011
The Vanguard Group sold on Sept. 30, 2011
Metropolitan Life Insurance Company sold on Sept. 30, 2011
RHUMBLINE ADVISERS sold on Sept. 30, 2011
T. Rowe Price Associates sold on Aug. 12, 2011
Brandywine Global Investment Management sold on Aug. 11, 2011
GSA Capital Partners sold on June 30, 2011
Renaissance Technologies sold on June 30, 2011
Royce & Associates sold on June 30, 2011
Natixis Asset Management Advisors sold on June 30, 2011
Two Sigma Advisers sold on June 30, 2011
Fifth Third Ban sold on June 30, 2011
Ameriprise Financial sold on June 30, 2011
Inves sold on June 30, 2011
Manulife Asset Management sold on June 30, 2011
ING Investment Management Co Address: 10 State House Square sold on June 30, 2011
Johnson Investment Counsel sold on June 30, 2011
Geode Capital Management sold on June 30, 2011
Public Employees' Retirement Association of Colorado sold on June 30, 2011
CalPERS sold on June 30, 2011
Two Sigma Investments sold on June 30, 2011
ALLIANCEBERNSTEIN sold on June 30, 2011
Barclays sold on June 30, 2011
Royal Bank of Canada sold on June 30, 2011
Millennium Management sold on June 30, 2011
OppenheimerFunds sold on June 30, 2011
CITADEL ADVISORS sold on June 30, 2011
Technical Financial Services sold on June 30, 2011
GOLDMAN SACHS GROUP sold on June 30, 2011
Credit Suisse AG sold on June 30, 2011
Frank Russell Company sold on June 30, 2011
J P MORGAN CHASE & CO sold on Dec. 31, 2010
Zebra Capital Management sold on Dec. 31, 2008
Ruane, Cunniff & Goldfarb sold on June 30, 2001